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US hedge fund Schonfeld which increased its London footprint by 50% in 2021, and continued building out its team in the UK capital with the appointment of women to several key positions, according to a report by eFinancialCareers.
The appointment of Niamh Taylor, a former managing director in prime and alternative sales at JPMorgan, as head of EMEA in June this year, was described as a “milestone” by chief strategy officer Danielle Pizza, and further notable female appointments have followed.
Katie Tester, has joined Schonfeld from Eisler as director of business development, having previously spent eight years at Goldman Sachs,
Alveo, a provider of cloud-based market data management services, has extended it data operations solution Ops360 including standard integration with QuantLib for advanced analytics.
With the new functionality, any appropriately permissioned business user can simply drag and drop input data sets into functions and set parameters to derive data and kick off the calculation of curves and risk factors. No coding is needed and the process is interactive. Users can add sources, tweak parameters before promoting a given calculation to production and anchoring it in an operational workflow in, for instance, financial modelling, valuation, product control, margin calculation or market
Warburg Invest AG and Alpha Centauri have partnered to launch the Climate Smart Europe Long/Short Equity fund, which employs a largely market-neutral investment strategy in approximately 60 European equities and aims to benefit from a transition into a more climate-neutral world.
The fund is classified as an “Article 9” fund under the EU disclosure regulation.
Stock selection follows a rule-based process in which relative attractiveness is determined by a low-carbon factor and several well-known equity factor premiums such as momentum, value and size. Long positions are dominated by stocks of companies with low GHG emissions and positive factor characteristics, while
Strix Leviathan, a quantitative investment firm providing investors with actively managed exposure to the digital asset ecosystem, has appointed Matthew McBrady, PhD, as head of strategy. McBrady will advise on the firm’s trading and investment strategies and oversee future growth plans.
McBrady brings nearly 25 years of experience as an investor, academic, and economic policy advisor. As an investor, he most recently served as CIO of BlackRock’s multi-strategy hedge fund, a $1.5 billion fund he helped build and run beginning in 2014.
Prior to that, he served as Managing Director and Head of Investment Strategy and Risk Management at alternative
The SS&C GlobeOp Forward Redemption Indicator for October 2022 measured 2.35%, down from September’s figure of 2.67%.
The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform.
“SS&C GlobeOp’s Forward Redemption Indicator for October 2022 was 2.35%. Higher than the record low of 1.56% reported a year ago, though still better than the long-term average for October redemption notices,” said Bill Stone, Chairman and Chief
Despite tough market conditions leading to job cuts in some sectors of the financial services industry, UK hedge funds are still on the lookout for top talent, according to a report by Financial News London. And the they’re spreading the recruitment net wide with ‘shopping’ lists that include everyone from technology graduates to portfolio managers.
Philip Morris International (PMI) has tabled an improved “best and final” offer to acquire smokeless tobacco specialist Swedish Match AB, after investors including activist hedge fund Elliot Management indicated they were unhappy with the original proposal, according to a report by Euronews.
Marlboro maker PMI has upped its all-cash buyout bid for the Stockholm-based firm by 9% to 116 Swedish crowns per share from 106 crowns per share, although the total value of the offer is relatively unchanged due to the recent appreciation in the value of the US dollar against the Swedish krona.
In July, Bloomberg revealed that Elliott
Billionaire investor Daniel Oct has been accused of “mismanagement” as his hedge fund firm, then known as Och-Ziff, “deteriorated” forcing his successors to spend years stabilising the Wall Street firm, according to a report by Bloomberg.
The report cites court filings as revealing that lawyers allege that Och’s handling of a 2016 African bribery scandal involving the firm, which subsequently rebranded as Sculptor Capital Management Inc, damaged its business and balance sheet. The court proceedings are part of a legal dispute over whether Och can get access to the firm’s internal files.
Och, who’s is one of Sculptor’s biggest shareholders,
A group of hedge funds have told a UK judge that Argentina had a “propensity” to manipulate economic data to save billions of dollars. The accusation came as part of court case linked to payments the four funds are due on instruments linked to Argentina’s GDP, according to a report by Reuters
Palladian Partners, HBK Master Fund, Hirsh Group and Virtual Emerald International Limited, first filed their suit in 2019, claiming Argentina owed payments linked to euro-denominated securities linked fating back to 2013. The funds are seeking damages of up to €643 million at London’s High Court basing their case
Ultimus LeverPoint Private Fund Solutions, a tech-driven private fund administrator, has appointed Scott Trimble as Senior Vice President of Business Development.
